Tucson Home Prices Up $17K! Tucson Housing Market Report November 2024

[@mvonnied]

From Redfin and other data sites prices are pretty much steady from June 2022 when the peaked from a massive ramp up. 326k in June 2022 now 340k November 2024. That bouncing around just above 320 doesn’t mean prices have gone up there is some natural bounce variation in the charts. What has changed is the housing inventory which continues to climb to now pre pandemic levels. If inventory continues to climb what is going to happen to prices this next year?

[@RobertMuldooJP]

How does lot location and lot size in a neighborhood factor into the price per square foot? Because I feel that there are things about the land that isn't part of the home square footage where that price per square foot does not reflect

[@tucsonarizonarealestate]

Yes a good lot can pull a premium and cause a home value to increase. Builders charge a lot premium all the time for the prime lots especially if there is an awesome view!

[@CharlesMcEnerney]

Leave it to realtors to be excited that prices are going up. 🙄

[@Miranda3730]

Right!